Skip to main content

About your Search

20121205
20121213
STATION
CNBC 23
CURRENT 10
CSPAN 3
CSPAN2 3
FBC 3
WRC (NBC) 3
WBAL (NBC) 2
WUSA (CBS) 2
CNN 1
CNNW 1
MSNBC 1
MSNBCW 1
LANGUAGE
English 57
Search Results 0 to 49 of about 57 (some duplicates have been removed)
CNBC
Dec 5, 2012 4:00am EST
the end of the year, concerns about whether the capital gains tax will rise. he says the fiscal cliff shouldn't be a big issue, and if businessmen got into the room they could solve the problem much faster than congress. >>> adding his tuppence, he says they'll have to get used to it and the fiscal cliff is one of the reasons. >> we have structural influences that speak to the deleveraging, speak to aging demographics of the boomers, that speak to globalization and technology, all of which have been labor and job unfriendly. >> joining us with his views, the senior european economist at jeffries international. before we talk about europe, i'm just wondering if bill gross is right there, what kind of impact is that going to have for everybody else? >> well, in terms of the fiscal cliff, it is having an impact on the u.s. and driving growth there. the impact on europe is probably quite limited for the time being. most certainly europe has its own problems to worry about. we're still kind of waiting for this to be resolved. i think for the time being the problems are separate. but ultima
CSPAN
Dec 6, 2012 7:00am EST
issues in general when it comes to the fiscal cliff. if you have questions about tax issues or comments about how taxes should be included in these discussions, he will be taking your calls. up next, we're going to have a look at republicans and the fiscal cliff negotiations with radio talk-show host and columnist armstong williams. that is coming up next as we continue the "washington journal." ♪ >> why a writers institute? i think it is very important within the culture. we are a culture of words, of voices. words are key to our imagination, our capacity to envision things. we ourselves are not completely tied to print on the page. but i think that there is no other art form so readily accessible other than perhaps -- but it is something -- there is something in literature that captures the humans. . >> this weekend, we look behind the scenes at the history and literary life of new york's capital city, albany, on c-span to and it c-span3. span3.c- [bell rings] >> this weekend on c-span3, follow harry truman's eldest grandson to hiroshima. >> everybody has their own view of what happ
FOX Business
Dec 6, 2012 7:00pm EST
the debt ceiling debate in the broader fiscal cliff discussion, clear where he was on taxes on the wealthy, a president who came out, and from the beginning, suggesting he's not moving off of his basic requirements, and republicans came a coup of different times making, at least, gestures towards a compromise. i think that suggests where the leverage really lies in this debate and negotiations. >> chris, seemssthe president's doing everything but taking snuff as he makes degrees and pronouncements, and the republicans for the life of me don't have a response, a message to meet and deal with the president. >> well, this is the starving time for the republicans. this is the bad season -- unhappy christmas for the republicans with the goal to get to the fiscal cliff, and get beyond that so that they can get to the debt ceiling. the debt ceiling is where they have leverage, advantage, and where the president is asking to increase the debt ceiling beyond the 2 #.2 trillion, these are american dollars, the $2.2 trillion that he was granted in borrowing power back in august. the republicans have
FOX Business
Dec 6, 2012 10:00pm EST
yesterday saying the white house is prepared to go off the fiscal cliff unless republicans bend on taxes. a comment by former democratic potential candidate howard deen frighted republicans that the debate is not just about raising taxes on the rich. >> the truth is everybody needs to take more taxes, not just the rich. that's a good start, but we're not going to get out of the deficit problem unless we raise taxes acss the board. to go back to what bill clinton had. >> now, some liberals pushed the president to invoke the 14th amendment claiming that gives him the executive power to raise the debt limit himself, but jay said today the white house studied that proposition and decided the president does not have that executive power meang we headed for another show down with congressver raising the debt ceiling. lou: the fiscal cliff and now a new ultimatum on the national debt ceiling. you suppose this is the last condition? >> it's going to be a wild couple of months, maybe everybody thought with the election over, there was going to be peace and fure all of this out, bui think we're ju
CNBC
Dec 5, 2012 5:00pm EST
. unlocking the world's potential. >>> no fiscal cliff deal without raising taxes on the rich. that's what treasury secretary timothy geithner told steve lease son. steve joins us from the white house with more on this. >> melissa, thanks very much. interesting comments from the treasury secretary who laid out the negotiating position of the administration in ways that it hadn't before, at least not explicitly as they had. what i want to play here is the sound from the interview and i'm going to put my question in there too just so you understand exactly what the treasury secretary was responding to when it comes to the position of the administration on walking away or letting the country go over the fiscal cliff without tax hikes for the wealthy. here it is. >> i want to understand the administration's position when it comes to raising taxes on the wealthy and those making more than $250,000. if republicans do not agree to that, is the administration prepared to go over the fiscal cliff? >> oh, absolutely. there's no prospect to an agreement that doesn't involve those rates going up on th
FOX Business
Dec 6, 2012 5:00pm EST
-election as opposed to pre-election. the, uncertainty of the tax situation, the fiscal cliff that everyone is tired of hearing about frankly. the overburdensome regulatory environment that we're in is depressing growth, particularly for small business. and i think that's a primary distinction here as we talk about business itself because all business is not created equal. and the president's jobs council who has some wonderful folks, some friends of mind on it, wholly inefficient in my view because there is no representation from small business on that jobs council. melissa: catherine, let me ask you, what i look what happened with the case in darden, it seems like what happened to a bunch of different companies, my take at the end of the day, for sure they're not going to hire anyone and that's what we need more than anything right now. >> you're exactly right. what we need are jobs, jobs, jobs. there is so much uncertainty out there right now with what will happen with taxes. we still don't know the full impacts of obamacare. hundreds of thousands of new regulations. we need to know what is going
FOX News
Dec 10, 2012 6:00am PST
of course and the prospect of increased taxes as we get closer to the fiscal cliff. looks like everybody's taxes are going up no matter how this thing is comes out. consumer spending accounts for more than 2/3 of economic output. especially important at this time of year of course when a lot of sectors in all of these areas have been struggling, here is a bit of good news. martha: okay. take it. bill: not a lot. if you're driving on the road, thanks to shrinking demand manned lower fuel prices gas is sinking like a stone. a drop of 34 cents in the past month. in st. louis, drivers paying just over $3. even l.a. is paying 3.68. which is below four bucks where they have been for a very long time. even further drops expected in the coming days. martha: a devastating loss this morning. jennie rivera, the mexican american singer on the verge of crossing over to this country in u.s. popularity is presumed to have been killed when a private plane crashed in monterrey, mexico. authorities have not confirmed her debt. her relatives say they have few doubts she was on board that plane. she was hea
CNBC
Dec 6, 2012 7:00pm EST
we could do is go over the fiscal cliff. we have the same tax rates that we have when bill clinton was president. significant cuts in defense and also significant human services can you tell us. >> katie, let me ask you, before you respond to what governor dean is saying. there is logic to what howard dean is saying. i don't happen to agree with it. but i know where he's coming from. katie, let me ask you this -- katie can't hear me. we'll wait for her to get back hooked in. howard, what about the notion that i'm posing tonight -- i've said this a few times -- republicans better be careful. they're not going down your road and the democrats aren't going down your road. you have middle class tax cuts for the democrats and it sometimes sounds to me as an old reagan conservative that the republicans better watch themselves because sometimes it sounds like they are kind of defending rich people. that's their whole mantra, just defending rich people. and i think that's not where they should be. >> i would agree. if i were politically advising the republicans, which i'm certainly not, i
CBS
Dec 7, 2012 5:00am EST
to the fiscal cliff and tax cuts that could happen. delia goncalves is live on capitol hill with more on that this morning. good morning, delia. >> reporter: good morning. mike, andrea, it appears we were here live on capitol hill just two weeks ago talking about a compromise. remember that? well, now we're back and it seems that those talks that had so much promise, well, they seem they've come to a screeching halt. now congress people are pointing the finger among increasing pressure to strike a deal before the january 1 deadline. they're now blaming each other for stalling talks that could send us off a fiscal cliff. in a surprise visit to a falls church family, the president emphasized he will refuse to sign a bill that does not raise taxes on the wealthy but republicans say that's a deal breaker. his stance they say proves the president is not interested in striking a balanced deal, simp in spending more and raising the debt ceiling. but the president says his main concern is certainly the middle- class families of america. he does not want to burden them with the potential $2,00
CNBC
Dec 6, 2012 6:00am EST
we haven't reached any agreement on the fiscal cliff, we don't know what next year's tax structure is going to look like, how has that impacted caterpillar's plan? the deadlines of the fiscal cliff is driving us into our corners and i talk every day to our customers around this country, around the world sometimes for that matter, and in this country and they are scared to death what happens in january. nobody knows. going over the cliff is not an option we stare in the face. they'll figure out a way to get us through this in one form or fashion. there's outlandish guesses on both sides. i don't think we should risk it at all. if we do go over the downside is capex for next year, what could or should we do if everything slows down, i don't want to have to face and decide that. our outlook for 2013 is morms what 2012 is. that's the best we can see and they're three weengz away from the beginning of the year. >> i'll look forward to the day when you're in here again and can sit here for two hours and we'll run v.o. of big caterpillar equipment and talk about what's going on in china a
CSPAN
Dec 6, 2012 12:00pm EST
in congress are willing to go over the fiscal cliff in order to get those tax hikes. rather than negotiate in good faith, they're willing to try to spend their time trying to convince the american people that it's just someone else's fault. going over the fiscal cliff will mean another recession, and this one is squarely on the shoulders of president obama. it will mean unemployment spiking back up over 9%. it will also mean a whole host tax increases, even beyond the higher tax rates that washington democrats want so badly. americans are also facing big increases in the death tax and the alternative minimum tax, also known as the a.m.t. both of these taxes will go up january 1 unless democrats work with republicans and take action to stop the increases that are already scheduled to occur. now, there's bipartisan agreement that these taxes should not be raised. there is bipartisan agreement that these taxes will do great damage to middle-class families, to family businesses, and to family farms. any effort to stop these harmful tax increases is being held up by the president's insistence o
CNBC
Dec 10, 2012 3:00pm EST
. and after the bell, the fiscal cliff debate takes a dark turn to the dreaded death tax. that's right. not even the grim reaper can escape the fiscal cliff. [ male announcer ] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. another day where the markets are waiting for some clear sign on something. whether it's the fiscal cliff, the fed meeting. what are the proceed right now? >> we've got bob from s&p capital iq. steven wood and gordon shallop. great to have you all on the show. you normally get the priority of speaking first. what are you doing right now? >> right now we're anticipating for volatility. we knew it was going to be a volatile fourth quarter. there's a lot of policy induced vol
CSPAN
Dec 5, 2012 8:00pm EST
on different aspects of the fiscal cliff. we want to look at capital gains tax and the estate tax. what is the estate tax? guest: it goes back to history -- it was put in place to prevent the united states from developing an aristocracy. a tax on estates that are passed down to heirs. republicans called the death tax. they have characterized it as a bad thing. it has a lot of a populist opposition to it. george w. bush signed in a phase-out of the estate tax. the top rate stays at 55%. the exemption level started rising from $1 million and going up. it was repealed completely in 2010 for one year. then it sprang back to life as part of the extension of the bush tax cuts that president obama signed into law. you have a debate -- very few members dispute that it needs to be continued. the debate is over whether you continue it at the current level. there is an exemption level, $10 million for a couple. or at the white house would prefer a 45% rate. that is the debate right now. there's a split among democrats. the white house wants a less generous estate tax. red-leaning states like max b
CNBC
Dec 10, 2012 9:00am EST
it's called fiscal cliff. and called radical tax increase. it was meant to cause a recession. the government felt in its infinite wisdom that -- >> you think it's a radical tax increase? >> i think so, yeah. i think you'll notice it in your paycheck for certain. >> that's absolutely for sure. >> your first check, second paycheck, then you get the chaos that bowles mentioned. and the chaos is, wow, i have much less to spend. i didn't know this was coming. alternative minimum tax being the silent killer who really understands how much more they have to pay, check at the end of the year. do the math. >> we saw it in the consumer sentiment numbers, and what it will be when the increases actually go through. most of that decline in sentiment that we saw on friday was from households earning more than $75,000. a higher income in this survey, households felt it the most, even though it's not here technically. >> one of the more interesting conversations over the weekend was bob corker saying, let's just go ahead, concede to the tax argument, which would flip the entire spotlight ont
CBS
Dec 6, 2012 6:30pm EST
cuts that have come to be known as the fiscal cliff and today republicans stood by their offer to close some tax loopholes and limit deductions and called on the for the give them a new plan that the congress could. president obama spent his day with the santana family of falls church and he says they're members of the middle class and they'll be hit hard if congress fails to extend their tax cuts. meantime virginia could be hit hard if those spending cuts end up taking place especially in places like fairfax county where federal contracting is king. >> if you go make the kind of cuts that some are suggesting happen, then you're really hurting a lot of the small buss
CNBC
Dec 12, 2012 9:00am EST
boehner speaking by telephone on tuesday changing fiscal cliff proposals. reducing new tax revenue from 1.6 to $1.4 trillion over five years. but they're jockeying on who should spell out the specifics on the spending cuts. walmart's ceo mike duke expressed concerns about the fiscal cliff. >> the week before the election, only one-fourth, 25% of our core customers even knew what fiscal cliff meant. okay? one week after the election, it was up to 75%. now these same customers, 15% of our customers are telling us, this discussion about fiscal cliff will affect what they spend on christmas. >> that's a fascinating read on -- >> i wonder who's doing the surveying? how is that occurring? >> greeters? >> i would be curious how they know those percentages. do they ask people at the -- >> yeah. >> and can you define the fiscal cliff? i don't mean to question the methodology, it's interesting. >> just curious. >> i think that when i was in washington, i got the sense that there were just a lot of people there who actually thought romney was going to win. and there would be no fiscal cliff because
CNBC
Dec 6, 2012 9:00am EST
continues over the fiscal cliff. today the president h showcasing -- steve liesman asked the treasury sec temporary about the possibility of going over the cliff. >> i want to understand the administration's position when it comes to raising taxing on the wealthy, those making more than $250,000. if republicans do not agree to that, is the administration prepared to go over the fiscal cliff? >> absolutely. there's no pros teblpect to the agreement that doesn't involve taxes going up on the wealthiest 2%. remember it's only 2%. >> i talk every day to our customers around this country, around the world sometimes for that matter too, but around the country, and they are all scared to death what happens in january, nobody knows, but all i know is going over the cliff is too hot to handle, it's an option we just can't stare in the face and there's no way we can do it. they will get us through this in one form or fashion. >> interesting call. conventional wisdom, obviously the white house and the secretary hardening their line, and a lot of people are saying the republicans are starting to fray
MSNBC
Dec 6, 2012 10:00am PST
the impact of a tax increase for 98% of americans if a deal the on the fiscal cliff is not reefed. while negotiations appear to be at a standstill, we know president obama and house speaker john boehner finally spoke by phone yesterday. the first conversation in a week. we don't know what they talked about or how long they spoke, because both men agreed to keep details of the conversation between the two of them. meanti meantime, democrats are digging in heels saying no deem if republicans refuse to let go of tax cuts for the wealthy. >> it's really time for republicans to face reality. i would hope the house of representatives would look closely at what's going on with senators coming out saying please, mr. speaker, do something about protecting the middle class. >>
MSNBC
Dec 6, 2012 1:00pm EST
if republicans don't budge on taxes. >> is the administration prepared to go over the fiscal cliff? >> oh, absolutely. >> alan simpson co-chair of the president's debt commission, says both sides are making a high stakes gamble. >> when you have leaders of parties and people of the administration saying, i think it will be to the advantage of the democrats to go off the cliff, i think it will be advantage to the republicans to go off the cliff, or the president to go off the cliff, that's like betting your country. there's stupidity involved in that. >>> syria on the bring. secretary of state hillary clinton holds emergency talks with russia as u.s. officials confirm reports that the syrian military is prepared to launch chemical weapons against its own people. >> we've made it very clear what our position is with respect to chemical weapons and i think we will discuss that and many other aspects. >> the whole world is watching. the whole world is watching very closely. and the president of the united states has made very clear that there will be consequences. >> plus, sharp criticism fro
NBC
Dec 6, 2012 6:00pm EST
the fiscal cliff. the president heard how tax increases would affect a middle class family like that one if no deal is reached by the end of the year. democrats and republicans are still at an impasse over raising taxes for the top 2% of the nation's earners. >>> police arrested a 17-year-old student in montgomery county who brought a gun to school this morning. the campus officer arrested octavio estevez in rock vail. he was not supposed to be at school today but showed up anyway. the campus officer asked him to leave. when he didn't, the officer searched him and found an unloaded handgun in his backpack. >>> exclusive details about efforts to relocate the fbi headquarters on pennsylvania avenue northwest. d.c. officials have privately said they would support moving the fbi to prince george's county if the county would allow the redskins to move back into the district. today the county publicly dismissed that idea. >>> tonight police are searching for clues in what they believe to be a planned attack in a northern virginia hotel. someone sexually assaulted a female hotel clerk last nigh
CNBC
Dec 6, 2012 1:00pm EST
this before, haven't we? what do average americans want to see in a fiscal cliff solution. we've got the exclusive results of our exclusive cnbc all-america economic survey. >>> now to everybody's all-american, sue herera standing by at the nyse. >> you're sweet, ty. thanks. >>> we're a little bit on the downside. we really kind of retraced a little bit on the dow jones industrial average. previous to this we were solidly in the green in all three of the major market indices. the dow now down 14 1/2 points. nasdaq up eight. the s&p is down just a fraction. of course we are also watching apple on the back of yesterday's drop. the stock today is traded up $4.82. that's just under a percentage move to the plus side. it's rebounding, still at bear market territory, however. it has lost over $50 billion in market cap over the past few days alone. our bob pisani joins me here on the floor of the nyse. what are you hearing from traders? the market is drifting a little bit. the focus is on apple. there seems to be a little bit of enthusiasm that it can come back to the up side. >> we were up
CNBC
Dec 7, 2012 3:00pm EST
competition on tablets, and more concerns about tax selling ahead of the fiscal cliff. still, shares are up 32% year to date. the stock now on track to be down for the ninth week in the last 11. on average, though, when apple has hit that death cross, shares have gained about 1.1% the following week. apple, bill, the reason that the nasdaq is the big underperformer this week. if apple had been added to the dow instead of united health earlier this year, we would have seen a 700-point decline for this pullback in apple. >> we would have been much higher in the dow than we are now. thanks, bertha. what's to do with apple? is it a buy? do you avoid it? let's talk numbers on this today. what to do with this dreaded death cross? >> bill, a lot of clients of phoenix partners are calling in and saying, you know, what do i do now? is this the time to buy apple? my answer is simply, no, no, no. this is not the time to buy. lefts look at a longer term chart. what i want to point to is the nice, healthy, steady increase in price from 2009. all of the sudden, you know, greed takes over. the stock rallies.
Current
Dec 12, 2012 9:00am PST
: okay. fiscal cliff. let's go back to the reagan tax rates. everybody loved reagan. he's their hero. let's go back to his rates. number two save medicare and medicaid. let's put a little doughnut in there. let's go up to $110,000, everybody pays. and then after the $110,000, you go to $250,000, nobody pays but after $250,000, you pay for fica on everything. on your dividends on capital gains, everything. >> stephanie: yep. >> caller: we won't have any problems. as a matter of fact, i can sit back in my retirement chair and relax. >> stephanie: he dropped another f bomb on me, fica. more hump days with hal coming up on "the stephanie miller show." jennifer >>>> i want the people who watch our show to be able to come away armed with facts and the arguments to feel confident in their positions. i want them to have the data and i want them to have the passion. but it's also about telling them that you're put on this planet for something more! i want this show to have an impact beyond just informing. an impact that gets people to
CNBC
Dec 11, 2012 6:00am EST
are concerned about the fiscal cliff, because of taxes. we are saving, absolutely. we're holding on any types of expansion. in an economy that's like desperate for jobs, that shouldn't be the case. there's really no politics when you have to balance the budget like we do in business every day. it's the same here. i would like lawmakers in congress to compromise and make a settlement, avoid the fiscal cliff, and move on. >> welcome back to our sal mission critical rise above d.c. coverage. i'm jim cramer. becky quick. we're coming to you from capitol hill. and we're here encouraging lawmakers to rise above partisan politics and negotiate a deal to avoid the fiscal cliff. joining us now senator ron johnson, republican from wisconsin. thanks so much for coming. >> good morning. >> i'm getting worried here. because clock is ticking. should we allow a vacation without legislation? >> no, i'm happy to stay here until we get this thing fixed. understand how absurd this process is. we've done this with the debt ceiling. with the super committee. now we're back here again where we've got two people, a
CNBC
Dec 5, 2012 6:00pm EST
cliff, we know capital gains tax rates are going higher, right? right? that's obvious. do you think the republicans have the power to keep those capital gains rates down? apple's become a referendum on the president's power. right now he has the upper hand, then he can really roll them and intends to do so. it's reasonable to take some profits so you can pay the tax man more now rather than later. it's a wimpy thing, it's logical, makes perfect economic sense. so the stock gets hammered. it makes sense to sell it. but let's be less emotional and even clinical about this one. first, divide apple's share price by ten, now you have a stock that got crushed down to $54. when you do that, it isn't all that scary, is it? where does the pessimism fit in? when we have to endure the pin the tail on the selloff game, what excuses for the selloff myriad alibis i hear from today's action. apple's losing share to google, it doesn't have the right phones in europe, nokia's making a comeback, the mini isn't selling, there's no special dividend, we've got a stock chart that is the -- >> sell, sell,
NBC
Dec 10, 2012 4:00pm EST
plant, president obama stood his ground on the fiscal cliff. >> all congress needs to do is pass a law that would prehaven't a tax hike on the first $250 of everybody's income. >> the latest campaign stop had an announcement. business leaders warn this time of investment will suffer without a deal to avoid billions in tax increases and spending cuts next year. >> we have more than -- i think 103 ceos in town last week. the message was sit down, work it out. back in washington there's new momentum. yesterday p many p.m. and house speaker john boehner met one on one for the first time this year. then today staffers continued the private negotiations. the sooner the better, we all know el that. >> reporter: an increasing number of -- >> i actually amb ginning to believe that is the best route for us to take to again shift the focus where it needs to be, which is on entitlements. >> reporter: and budget experts see more democrats open to cutting social security and medicare. >> it's like, gosh, senator durbin, who is very, very close to the president, saying hey, look, on medicare, you kno
FOX News
Dec 8, 2012 8:00pm PST
's looming tax and spending cuts commonly known as the fiscal cliff. despite a call between president obama and john boehner, the two sides appear to be no closer to a compromise. are republicans working on the scenes on a plan b? wall street journal columnist, dan henninger and kim strassel. you have bean working the phones, is there something going on between speaker boehner and the president? >> no, i think that they are nowhere and it's because the president is refusing to budge at all on the top toks ratestopx rates and we'll go off the cliff if the republicans don't acreed to that demand. so we're still at a stand still. >> paul: kim, why is the president so insistent on increasing tax rates? boehner has already put on the table a comparable amount of money to be gained from putting a cap on deductions, about 800 billion over ten years, so such a-- >> look, paul, two reasons. first is ideological. his partisans, his liberal base believe this is somehow a symbol of winning the tax fight and you can only do that by raising the rates on the wealthy in the country and they're insistent on
Current
Dec 6, 2012 6:00am PST
the l.a. times. fiscal cliff let's take the plunge in the l.a. times. he said the u.s. deficit and debt will fall, social security will go on unharmed and we'll go back to tax rates that were better than the current ones. what do you think? >> i certainly don't want something that will put us into a recession. that's more republican thinking. but i think ultimately pugh has a pole saying 53% of the american people will blame republicans, to which i can only imagine republicans saying, oh we're finally ahead in a poll. boner is like a slug there is a bright orange trail of cheat toe dust and bronzer leading from his office. >> stephanie: okay. here you go. >> so many people are going to part-time work and being hurt. everyone i know is already seeing cutbacks, and the economy is going to be disastrous and only going to get worse under obama. >> stephanie: by the way that was dexter von frisch? >> it was. >> stephanie: he just screams at ann coulters voice? >> it's like an earthquake he just screams before it happens. >> stephanie: kids carbonite backs up everyt
CSPAN
Dec 11, 2012 5:00pm EST
to correct the record. but first during this talk about the fiscal cliff and about the tax cuts that sunset at the end of the year, all we've been hearing since the election is about what are we going to do about taxes? that's a very significant thing as a result of the last election because i think it's a foregone conclusion there's going to be more revenue raised. but if we raise the amount of revenue that the president wants raised and raise it from the 2% that he wants to raise it from -- the wealthy -- that's only going to run the government for eight days. so what do you do the other 357 days? or if you look at the deficit, it will only take care of 7% of the $1 trillion-plus deficit that we have every year. what about the other 93%? so the point being that we can talk about taxes and taxes and taxes, but it's not going to solve the fiscal problems facing our nation. we don't have a taxing problem. we have a spending problem. and so we should have been spending the last three weeks talking about how we're going to take care of the other 93% of the problem. the president should have de
CNBC
Dec 10, 2012 6:00am EST
and the fiscal cliff. republicans want a melt on xwiemtment and tax reform from the president. democrats insist this will not happen until the gop agrees on a tax hike. senator dick durbin saying no deal on the debt without a tax hike of the wealthy. >> i can't tell you, i don't want to do it, the president doesn't want to do it, but we need to solve the problem been we cannot allow the reckless position to drive this economy into another recession. >> some suggesting that it might be better to cave to the president now on taxes and keep up the fight on spending. >> if we were to pass, for instance, raising the top two rate and that's it, all of a sudden we do have the leverage of the debt ceiling and we haven't given that up. >> meantime, one influential voice says enough is enough. >> that's like betting your country. there's something terribly bizarre and juvenile about that is to think your party comes ahead of your country. i don't go for that at all. >> that, of course, was alan simpson, the other half of simpso simpson-bowles. erskin bowles will join us this morning, as well. if you have
CNBC
Dec 7, 2012 6:00am EST
dividends trying to beat possible tax hikes and the fiscal cliff uncertainty could lead to an increase in mergers and acquisitions. they look to complete transactions by year end and i made a fool of myself the last hour trying to go all the way through. not doing it anymore. >> we do that all the time here. that's what we have three hours for. >> it was dumb. >> the name fiscal cliff where did that actually come from? >> i don't know. >> bernanke maybe. >> maybe. >> really? >> maybe bernanke. >> that thing really stuck. >> that's a good question. that's good trivia. i'll goog it. >> we've said it's not really. it doesn't happen really. it's more of a ski slope it's not a black diamond slope. it's more advanthan advanced. >> a double blue. >> but not without a lot of moguls. >> dan gilbert is the own of the cleveland cavaliers and the founder of quicken loans and you're the perfect person to have here because you have your finger on so many different things happening in detroit and around the country. let's start with the housing industry this morning because people have been trying to
CNBC
Dec 11, 2012 11:00pm EST
the fiscal cliff. the leaders i talked to today know their actions will take us over the cliff. i understand there is now perception among the media that the man who got every republican to pledge no new taxes is spent. the no tax increase republicans regard the stance as a birthright. a guy that is so anti-spend that he seemed to care more on these issues and more about the accountability for the disaster relief money. i can't really believe that. but a lot of guys down there will do anything to prove a point. but i can tell you there are enough garrets to force us over the cliff. given that the president is not going to let up. got a question either people don't know about the cliff or they believe that a deal will be done. and they that they have fulfilled the norquist pledge. where were the republicans when they refused to pay for the wars, cut taxes, took money from the chinese two, why didn't republicans press for spending cuts when the president extended the tax cuts? and why doesn't the president offer spending cuts to medicare and defense and social security? how about weapons progr
CSPAN
Dec 11, 2012 1:00pm EST
a bill just a few months ago that prevents are the fiscal cliff by saying nobody's taxes will be increased. all of those votes we were criticized for. they called us right-wing naughts. we explained to the people of the country what we want to do to number one get our economy going on and get our economy going again. we were re-elected with a mandate, not only to be in charge of the house, but to be a line of defense against a radical administration. i think we know what our task is. if you look at r.s.c. strength, and i don't think it's ever been stronger in terms of numbers and resolve. that will be our challenge because we will be tested. because you have so many members that are coming back that have been through this fight, that have been afact for the things we fought for in the last congress, but also the candidates that got elected, over 30 candidates, all but four, paul teller tells me, all four have expressed an interest in joining r.s.c. so you got a lot of people that ran in a tough environment and got elected talking about these conservative principles that w
Current
Dec 10, 2012 6:00am PST
-- >> rubio. >> stephanie: on the fiscal cliff. >> we must reform our complicated job killing tax code. our goal should be to generate new revenue by creating new taxpayers, not new taxes. >> stephanie: he seems like 12 to me when i saw him speak the other day. look at me. i'm young and brown. >> oh, stop it. >> stephanie: representative randy forbes. >> the president doesn't want to get an agreement or compromise, he wants to get his way. that's why he won't come to the table with any serious proposal and simply talk because i think if we do that, we can get a solution that everybody could live with. we're willing to sit down and negotiate and talk about these ideas and principles but where is the senate? where is the president? the american people can hear what they're putting on the table but secondly, realizing the senate and president are missing in action. >> stephanie: right. i think as dick durbin said on "meet the press," you can reach him any time. why won't the president sit down? you know where
CNBC
Dec 11, 2012 9:00am EST
with a deal on the fiscal cliff? why? because it represents the beginning of american austerity. higher taxes in the long run, spending cuts in the long run, that is a headwind for stocks. not a tailwind. i know everybody's excited about the deal being made. but a substantial minority believes that's a deal for the fed stocks. the general consensus down here, current purchases, $85 billion, is going to continue. instead of $45 billion from operation twist, operation twist goes away, and you go to outright purchases of treasuries. and you continue with that $40 billion in mortgage-backed security purchases. the $85 billion, they're doing right now, continues in a slightly different form. you guys, we're talking about aig. just two observations on aig. you'll notice here, it looks like to me they're not repurchasing any of their shares. they're dumping a huge amount of shares on the market. aig isn't actually buying it back. that's a signed of strength for the company. the other interesting thing is, the losses on sandy have been coming in recently. aig gave $2 billion in pre-tax losses. you in
CNBC
Dec 5, 2012 9:00am EST
be a fiscal cliff. the gulf is hotter than it's ever been even a few years ago it was ice cold. >> big story in the journal about exploration in this country. production 15-year high. brand new chapter here. look at the bottom of your screen. citigroup is cutting 11,000 jobs. we want to get to kayla tausche with more on that. >> we have a release that just hit the wire in citigroup where those jobs are coming from and a charge that the company plans to take in the fourth quarter because of these job cuts even though it expects them to generate $900 million in cost savings next year. interestingly this is the first move toward really slimming down citi by the new ceo. he has a quote in here saying these actions are logical next steps in citi's transformation and says they're committed to strategy that continues to leverage in the global banking market. if you go through the list of where these jobs are actually coming from, institutional clients group which is investment banking a quarter of the job cuts are going to come from there. my 2013 predictions i said that group would slim down by ha
NBC
Dec 5, 2012 4:00pm EST
in their heels, and with no move to avoid the fiscal cliff, or to raise the debt ceiling which is currently at $16.4 trillion, now there's new concern about what could happen to our credit rating in the new year. each day toward the fiscal cliff is also another day closer to the country maxing out on its borrowing limits. president obama called it a dangerous lesson when he talked to business leaders today. >> the only thing that debt ceiling is good for as a weapon is to destroy your credit rating. >> reporter: he's worried republicans may refuse to raise the debt ceiling and risk defaulting on the country's loan. >> that is a bad strategy for america. it's a bad strategy for your businesses. and it is not a game that i will play. >> reporter: republicans are pushing back. >> he's the president, not the emperor. he does not have the power. >> reporter: fiscal cliff negotiations have been at a standstill since monday. not by raising rates on the rich as the president had insisted. >> we're not insisting on rates just out of spite, but rather because we need to raise a certain amount of reve
CSPAN
Dec 11, 2012 12:00pm EST
principles. host: do they believe a recession could happen if we fall off the so called "fiscal cliff?" guest: they do. what we saw last year is business leaders were concerned that washington was not going to come together with a deal. and that it could end badly, but it was a more muted concern. they just trusted washington would get it done. given how quickly things happened last time, they are taking a much more active role. business leaders have come to washington to require a minimum height standard for the ride of the fiscal cliff. they want to make sure that members of either party who are speaking out are as close as possible to simpson-bowles. talk about real cuts, about real revenue. it's much more and ownership in the process this time. host: where does your group come down on regulations? guest: our job is to go out and get business leaders around the country more involved. the business leaders speak for themselves. business leaders are generally extremely influential in their home markets. there are the kind of people if that can give a member of congress moderate republican or
CNBC
Dec 6, 2012 6:00pm EST
of the fiscal cliff. you combine the greatest capital gains generator out there of all time in the change of tax code of uncertain proportions, it's almost impossible to justify not selling. those people then impact the chart and the chart is signaled code red and causes the institutions to worry that, perhaps, the stock can bring down the performance, which brings in still more selling. >> sell, sell, sell! >> it's a vicious cycle down. it makes a ton of sense. let's talk about what can happen here. year end, 2013, it will be too late to sell to get the tax break. we'll find out, i believe, that apple's ipad sales are through the roof, including the mini, the iphone will have bigger sales than thought in the u.s. and will start taking share in china, all the big carriers will be selling it and an omg product might be on the way. the market capitalization will still be outsized versus the rest of the market and that i don't like. there's nothing you can do about the rest of the market, right? as we settled three times today, if you want to measure the selloff here, use the 12 days of christmas a
CNBC
Dec 6, 2012 11:00pm EST
could be brimming with jobs. a lot of projects on hold, though, fiscal cliff. yep, the obstacle is washington, all because of the need to sock it to the 2%, not the 1.5% and the over $400,000 crowd, the 1%, or the need to fulfill the anti-tax pledge of allegiance many of our congressmen made to my college chum grover norquist. i thought bill gates and chief justice roberts were powerful. he makes the other guys look like crash dummies. we're on the cusp of an economic boom in this country. but we have politicians that would rather create a recession, a mandated economic collapse, let's create a bear market versus rising above. and guess what? these enemies of wealth and job creation may get their way and win. yes, to borrow a phrase from my own rant last time we were on the brink of a washington-inspired financial disaster, they know nothing. shawn in illinois. shawn? >> caller: hello, jim. >> what's up, chief? >> caller: booyah from chicago land. >> done. speak to me. >> caller: i've been watching blizzard for some time now, and i just heard a report that their sales revenue fr
CNBC
Dec 5, 2012 6:00am EST
talking about every morning here since the election. fiscal cliff, big, big issue. there are now, it seems, growing numbers of people on both the right and the left who would like to see us just go over that fiscal cliff. how big of a problem would that be? >> that would be a big problem. i actually still believe that those -- the democrats, the administration, republicans in the final analysis don't want to see that happen. they do understand that not only would that present a problem in the near term as we went over the cliff at the end of the year, but we still then have the whole debt ceiling fight that would transpire shortly into the new year. the issue isn't simply the negative result of going over the cliff, but it's also that business, consumers, everybody continues to hold back on the uncertainty. and we believe the economy is pretty well positioned potentially in 2013 if we can put this behind us. so i think a lot of what's going on is what you would expect to see in this negotiation, very public negotiation, which is not the best way to do it. i think at some point, the preside
CNBC
Dec 12, 2012 12:00pm EST
one before the u.s. economy can go right over the fiscal cliff. and the $600 billion question. will the fed, does the fed have the fiscal fire power to offset tax hikes and spending cuts and keep the economy alive? it is a good question. we do expect the fed to keep interest rates near zero at least near 2015 and also continue to buy agency backed at the pace of $4 billion per month. a big change is the end of so-called operation twist and the potential start of what some are calling qe4. there are some big questions. do we expect some answers in about 5 minutes? let's hope. but we may not have to wait. we've got our own fed insider steve liesman here. he is in washington, where he himself scaled the georgian columns of the fed building. he is here with a preview. steve, what can we expect from the final fed decision of 2012? >> as you know, brian, i run a spdr line from the monument. that's how we get up here. this is really a historic day, and i think the market really hasn't focused on it. the fed's balance sheet is really about to explode. you just gave the numbers. i want
Current
Dec 7, 2012 6:00am PST
shell will protect me if i fall off the fiscal cliff. >> stephanie: nothing he said there was true. he doesn't want to raise taxes on everyone else. he wants to lower them on 98%. >> he wants the tax rate to go back to where it was. >> exactly. >> every line of that was a lie. >> stephanie: the president. >> obama: i'm encouraged to see there has been some discussion on the part of republicans acknowledging the need for additional revenue. as i indicated the only way to get the kind of revenue for an balanced plan is to make sure we are moderately increasing rates for folks who can afford it. folks like me. >> stephanie: do you think behind closed doors, jim, he is like, all right. i have to say this again? fine. >> a way of saying it without swearing. >> stephanie: yeah. jenny in go to meeting. hi, jenny. >> caller: hi sweety. first of all because i watch you on current i would like to say one thing, please read your hat to us at the beginning of the show. and also explain the t-shirt, because i can't read it for nothing. >> stephanie: okay. >> and it has been two day
Search Results 0 to 49 of about 57 (some duplicates have been removed)